TAL Education Group's GAAP loss for fiscal year 2022 was $1.164 billion, up 8.14 times from $0.143 billion the previous year. Revenue declined 2.3% to $4.391 billion from $4.496 billion a year earlier.

TAL Education is adjusting its business to meet changing education policies in China, sources told Sina Tech. The company is looking for new ways to adapt its products to meet the needs of science and technology services. TAL Education recently set up a number of subsidiaries in different business areas, including software development, technical services and...

TAL Education Group's GAAP loss for 9 months of fiscal year 2022 was $1.056 billion, compared to a profit of $0.039 billion in the previous year. Revenue increased 22.9% to $3.85 billion from $3.133 billion a year earlier.

The Chinese authorities are considering turning tutoring companies into non-profit ones. Such platforms would be prohibited from raising capital or going public. In addition, China will prohibit other companies from acquiring or investing in educational firms. All of these actions threaten to destroy China's $120 billion private tutoring industry.